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ID S1315

Bill

Status

Passed

4/5/2016

Primary Sponsor

Commerce and Human Resources Committee

Click for details

Origin

Senate

2016 Regular Session

AI Summary

  • Purchaser at a trustee's sale may dispose of titled personal property remaining on unoccupied premises in accordance with applicable law.

  • Purchaser may remove nontitled personal property from unoccupied premises and place it in storage, then dispose of it after providing 90 days' written notice to the last known occupant via first class mail.

  • Notice of nontitled personal property disposal must be posted conspicuously on the premises and include a name, address, and phone number for inquiries, along with a general description of the property and intended disposition method.

  • If the previous owner fails to claim nontitled personal property within 90 days of written notice, all rights to the property extinguish and the purchaser incurs no further liability to the owner or potential claimants.

Legislative Description

Amends existing law to provide that a purchaser at a trustee's sale shall be entitled to dispose of titled or nontitled personal property under certain conditions.

FORECLOSURE

Last Action

Signed by Governor on 04/05/16 Session Law Chapter 364 Effective: 07/01/2016

4/5/2016

Committee Referrals

Business3/15/2016
Judiciary and Rules2/12/2016

Full Bill Text

No bill text available